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All Journal International Journal of Social and Education (INJOSEDU)
Afriantoni
Universitas Graha Karya Muara Bulian
Social Sciences

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THE ROLE OF ISLAMIC MONEY MARKET IN SUPPORTING THE NATIONAL ECONOMY Lucky Mahesa Yahya; Maulidna; Afriantoni
INTERNATIONAL JOURNAL OF SOCIAL AND EDUCATION Vol. 1 No. 4 (2024): July
Publisher : Pondok Pesantren Baitul Quran

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Abstract

The Islamic money market is an integral part of the financial system that operates based on sharia principles, which prohibit riba (interest) and gharar (uncertainty). This market offers a variety of financial instruments that comply with Islamic values and fair and transparent business ethics. The study in this research uses the literature research method. The results show that with the right strategic and regulatory support, the Islamic currency market has great potential to strengthen the national economy. The implementation of Islamic financial education policies, the development of market infrastructure, and the strengthening of international cooperation can further enhance the role of the Islamic money market in achieving macroeconomic goals and improving people's welfare. Therefore, the Islamic money market not only provides an alternative to conventional financial instruments but also plays an important role in increasing financial inclusion, economic stability, and financing sustainable development in Muslim-majority countries.
Co-Authors Lucky Mahesa Yahya Maulidna